Talking Points
    Next Score View the next score

    TALKING POINTS

    Parent company of nuTonomy moving to Boston

    DRIVERLESS CARS

    Parent company
    of nuTonomy moving to Boston

    The parent company of the Boston startup pioneering driverless cars on Boston’s streets is moving to town. NuTonomy Inc., which is partnering with Lyft to offer driverless trips around parts of South Boston, was acquired in October by auto supplier Delphi. Delphi recently split into two companies, with its driverless car and vehicle safety divisions now called Aptiv, which includes nuTonomy. Now Aptiv is planning to open an office in Boston in 2018, which will employ up to 300 people. It will be the UK company’s third US outpost, joining facilities in Pittsburgh and California. The office will be located on multiple floors of a Northern Avenue building. About half the employees will work for nuTonomy, which will move from its current Seaport headquarters, while the other half will work on other Aptiv projects. Aptiv wanted a bigger Boston presence because of the city’s technology workers and willingness to test driverless cars, said chief technology officer Glen De Vos. Despite its notorious roads and drivers, Boston has quickly become a hotbed for driverless technology. Another Boston driverless car startup — Optimus Ride — is also based in the Seaport. Meanwhile, Seattle-based Mighty AI, which uses technology to “train” driverless cars to interpret objects on the road, opened a Boston office in September. And city officials in 2016 partnered with the World Economic Forum to study how the technology could be best deployed here. — ADAM VACCARO

    SOFTWARE

    BackOffice Associates has new board chairman

    Former Accenture CEO and chairman Bill Green has joined BackOffice Associates of Hyannis as chairman of the board. Green, besides his Accenture background in business management consultancy, also serves on the boards of Dell EMC and S&P Global. Green will bring his experience in scaling and managing to the software company’s expansion plans. — NATASHA MASCARENHAS

    DATA STORAGE

    Iron Mountain buys US operations
    of Io Data Centers

    Iron Mountain Inc. agreed to acquire the US operations of Io Data Centers LLC for $1.3 billion, adding to a string of deals this year by the data storage and management real estate investment trust. Io will receive an additional $60 million based on the future performance of the centers, Iron Mountain said in a statement Monday. Iron Mountain is acquiring land and buildings in New Jersey, Ohio, and Arizona that provide 62 megawatts of capacity. Iron Mountain, based in Boston, agreed in July to buy Mag Datacenters LLC, which operates private data center business Fortrust, for about $130 million. In October, it said it was acquiring data centers in Singapore and London from Credit Suisse Group AG in a $100 million transaction. Founded in 1951 as Iron Mountain Atomic Storage Inc., the company initially existed to protect documents from war or other disasters by saving them inside a depleted New York iron ore mine. It now provides services including art storage and secure destruction of information to about 230,000 customers in more than 50 countries, according to its website. — BLOOMBERG NEWS

    DELIVERIES

    Packages delayed by flood
    of Cyber Monday sales

    Advertisement

    If it seems like your online orders are arriving later than expected, you’re not alone. An influx of online purchases — particularly during Cyber Monday, the busiest online shopping day in US history — is testing the limits of carriers like UPS and FedEx, despite their heavy investment in new warehouses and seasonal employees. Americans spent a record $6.59 billion online on Cyber Monday, according to data from Adobe Analytics. The number of late deliveries typically doubles during the holidays, leading to headaches for shoppers and retailers alike, according to data from LateShipment.com, an Orlando-based start-up that tracks shipment delays. UPS, the world’s largest delivery company, warned last week that some deliveries would be delayed by one or two days, as staffers worked extended hours to manage the rush. UPS expects its holiday load to rise 5 percent, to 750 million packages, this holiday season, while FedEx says it’s planning for up to 400 million parcels. — WASHINGTON POST

    MARITIME

    Final report
    on El Faro sinking released

    Get Today's Headlines in your inbox:
    The day's top stories delivered every morning.
    Thank you for signing up! Sign up for more newsletters here

    A ship captain’s unwillingness to listen to his crew’s suggestions to change course from the path of a raging hurricane. A weak corporate safety culture that left crewmembers ill-prepared to deal with heavy weather. An old ship with outdated lifeboats, open to the elements. All these factors contributed to the sinking of the El Faro in the fury of Hurricane Joaquin on Oct. 1, 2015, which killed all 33 people on board, the National Transportation Safety Board announced on Tuesday. The report concludes a 2-year investigation into the worst US maritime disaster in modern history. The NTSB issued 53 safety recommendations along with its findings, which investigators hope will be adopted by the industry, maritime safety inspectors, and weather forecasters to make the seas safer for future generations. While the board found no fault with El Faro Captain Michael Davidson’s decision to leave port in Jacksonville, they did blame his reliance on an e-mailed weather forecasting system that contained hours-old data, rather than online updates from the National Hurricane Center. Investigators believe, based on his decisions and recorded comments, that he wasn’t aware of the delay in the data, and that instead of skirting the storm, he sent the El Faro on a collision course with the hurricane. — ASSOCIATED PRESS

    FOOD

    Kellogg opens new cereal cafe in NYC

    Kellogg Co. is hoping that Instagram-obsessed millennials can help make cereal cool again. The food giant, struggling to break out of a four-year sales slump, is opening a cavernous new cereal cafe in Manhattan’s Union Square — doubling down on a concept that it started in Times Square last year. The cafe will be about fives times larger and feature an Instagram station with props and professional lighting, designed to help customers perfect their social-media posts. There’s a full cereal bar, giant murals of Kellogg characters like Tony the Tiger, a station to heat up Pop-Tarts, and a special iron to cook fresh Eggo waffles. — BLOOMBERG NEWS

    SOCIAL MEDIA

    Twitter adds tool to link tweets together

    If you have a Twitter rant you really need to get off your chest, then it’s your lucky day. Twitter announced Tuesday that it’s adding a tool that makes it easy to thread tweets together, giving users more space for thoughtful commentary, unhinged rants, and everything in between. The move builds on the company’s recent decision to abandon its traditional 140-character count for 280 characters to allow people more room per tweet — even as the social network struggles to clarify its policies on what is appropriate conduct on Twitter. — WASHINGTON POST

    ENTERTAINMENT

    Talent agency cancels Golden Globes party, starts fund
    for harassment victims

    The powerful Hollywood talent agency CAA is canceling its annual pre-Golden Globe Awards party and planning to form a legal defense fund to assist workplace harassment victims across all industries. A person with knowledge of the plans who spoke on the condition of anonymity because they were not authorized to speak publicly said Monday that the funds normally used for the Globes party, which would celebrate nominated clients like Meryl Streep, Reese Witherspoon, Nicole Kidman, and Tom Hanks the Friday before the awards on Jan. 7, will be redirected to establish the fund. CAA will downscale other Globes events as well. The agency has also committed to establishing gender parity in its leadership by the year 2020, following the lead of ICM Partners. The Hollywood Reporter first reported the news. — ASSOCIATED PRESS